Measuring the economic benefits of protecting the Tong River in Korea: a Contingent Valuation study
- Authors
- Yoo, Seung-Hoon; Kwak, Seung-Jun
- Issue Date
- 2009
- Publisher
- INDERSCIENCE ENTERPRISES LTD
- Keywords
- CV; contingent valuation; WTP; willingness to pay; Tong River; Korea
- Citation
- INTERNATIONAL JOURNAL OF ENVIRONMENT AND POLLUTION, v.39, no.1-2, pp.142 - 158
- Indexed
- SCIE
SCOPUS
- Journal Title
- INTERNATIONAL JOURNAL OF ENVIRONMENT AND POLLUTION
- Volume
- 39
- Number
- 1-2
- Start Page
- 142
- End Page
- 158
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/122098
- DOI
- 10.1504/IJEP.2009.027148
- ISSN
- 0957-4352
- Abstract
- Whether or not to construct the Tong River Multi-purpose Dam, a large project that will adversely impact local people and the environment, has become quite a controversial issue in Korea. This paper applies a Contingent Valuation (CV) method to obtain a preliminary evaluation of the benefits of protecting the river. A CV survey of Korean households was conducted to estimate their willingness to pay for preserving instream flows in the Tong River and avoiding the dam. Overall, respondents were willing to contribute a significant amount, on average, per household. This willingness varies according to individual characteristics.
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Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
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